FTSE Provides Clean Tech Indexes

According to a press release, the new tools include what FTSE says is the world’s first global environmental markets industry classification system, designed to allow companies to be classified by sector and sub-sector according to the environmental products and services they provide.

“The introduction of the classification system allows those companies who provide essential environmental products, activities and services, to be identified more easily, facilitating a peer to peer comparison on a global, regional and pan-regional basis,” the press release said.

The system also provides a basis for the creation of sector-based investment products such as exchange-traded funds (ETFs), mutual funds, and derivatives products.

Seven new equity indices which use the new environmental markets classification have also been added to the FTSE Environmental Opportunities Index Series:

FTSE Environmental Opportunities US Index

FTSE Environmental Opportunities UK Index

FTSE Environmental Opportunities UK AIM Index

FTSE Environmental Opportunities Japan Index

FTSE Environmental Opportunities Europe Index

FTSE Environmental Opportunities Asia Pacific Index

FTSE Environmental Opportunities Asia Pacific ex Japan Index

FTSE said its new tools aim to support global capital markets’ response to developing a low carbon economy.